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Understanding Legal Tools: The Key to Lawsuit Prevention and Tax Reduction

Understanding Legal Tools: The  Key to Lawsuit Prevention and Tax Reduction

Lawsuit Protection and Prevention

·  How will incorporating help prevent lawsuits?

·  How should business owners be structured: C-corps, S-corps, FLP’s, LLC’s, etc.

·  Learn how to use legal tools that can protect 100% of a business owner’s professional and personal assets from lawsuits. Statistically not even one in 100,000 are using these tools in the right way.

·  Why have a living trust? How will a living trust protect you?

·  How to protect a business, property, and personal assets in the event of a judgment in excess of liability insurance.

·  Which state laws provide the greatest asset protection? A business owner may live in one state but use the superior law of another state to his or her benefit.

·  Lawsuit protection strategies which most advisors are unaware. Less than 500 of the more than 1 million practicing lawyers in America claim lawsuit protection as one of their specialties. How does that expose your assets?

Tax Reduction and Estate Planning

·  The best business structure for income tax reduction

·  How to use corporate resolutions for income tax reduction

·  The strengths and pitfalls of the “S” Corp

·  How to use income shifting as means to income tax reduction

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  • Mike Y.

    Great meeting! Interesting scheme for asset protection.

    1 · April 16, 2014

  • Larry F.

    I was wondering: Are there certain states where contract 'assignment' is illegal; and, are there certain ways to work around these prohibitions?

    1 · April 14, 2014

  • Mike Y.

    Larry, I will submit your question to Art McComber our presenter next Tuesday.

    1 · April 9, 2014

  • Larry F.

    question: If LLC's are a good idea, would you need one LLC for every property that you own? Would these each require a quarterly report to the IRS (at what cost?)?

    1 · April 8, 2014

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